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Business/Financial

Sidus Space Acquires AI Company Focused On Space Applications

By Cal Biesecker

Tuesday, August 22nd, 2023

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Sidus Space Acquires AI Company Focused On Space Applications

Exo-Space's FeatherBox data processing unit. Photo: Sidus Space

Satellite manufacturer, operator, and services provider Sidus Space [SIDU] on Tuesday said it has acquired Exo-Space, which supplies its customers with artificial intelligence capabilities at the edge for on-orbit applications. Sidus said in a filing with the Securities and Exchange Commission that the asset purchase was $468,000 and the sellers also received nearly four million shares of stock in options. Sidus' stock trades on the NASDAQ and closed at 17 cents per share on Tuesday, unchanged from Monday. Sidus, which…

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